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FOX Business
Mar 20, 2013 3:00pm EDT
and the growth of the economy, we're still some distance from the high. it is not all that surprising the stock market would rise given that has been increased optimism about the economy and the share of income going to profits has been very high. relationship between stock prices and earnings is not particularly unusual at this point. >> the associated press. mr. chairman, statement mentions fiscal policy has become more restrictive. how much of a drag do you see from the social security tax increase and the across-the-board spending cuts that went into effect on march 1 and is it possible the fed might see a need to provide more support to the economy because of that drag on the fiscal? >> our analysis is fairly comparable to analysis congressional budget office presented to the congress and thestimate put together the fisl measures including the fiscal cliff deal, they sequester and other cuts that federal fiscal restraint in 2013 is cutting something like 1.5 percentage points off of growth to which is very significant. so that is an issue for us. we take as given with the fiscal authoritie
FOX Business
Mar 17, 2013 8:00am EDT
taxes, the economy has grown whether on the left with p president kennedy or left with reagan. the left said clinton raised taxes and what is often ignored, clinton cut the capitol gains tax and he cut spending as a percentage of gdp. the obama administration want to go the opposite way, if they do they will make fdr a libitarian. >> jamull is it good or bad for the economy? >> i don't think the president said that they should take a hike if the tax hikings don't happen. our biggest problem are the spending cuts . bigger than that are the job losses, and so i am going to talk about taxuts, a huge one to see happen the government should give tax cut to companies so they can hire new workerings, spending cuts and focusing on the deficit, that is moving us in the wronging direction. if we want to talk about tax cuts, give the corporations that are sitting on records and the dow closed at record highs, give them a tax cut to hire new workers. >> toby, tax hikings are the issue here. this is what dems are callin for. is this the time with the recovery, so, so iffy to do that? >> no remember
FOX Business
Mar 20, 2013 5:00pm EDT
on the pulse of the economy and consumers. landry's is one of the country's largest estaurant and gammably companies. he is here to tell us where he sees the biggest headwinds and opportunities right now. >>> call it the anti-student loan. investors will pay school costs for a piece of student's future income. isn't that interesting? can this help solve the student debt crisis? the ceo behind it will explain this break through because even when they say it is a not it is always about money melissa: first today's market moment. the bulls are back in the driver's seat. the fed says its policy to stimulate the economy will continue and investors breathed a sigh of relief. dow came close to setting a new record high. the nasdaq marched back toward a 12-year high. the s&p 500 finished less than seven points away from its all-time high. here is who made the big money, proctor & gamble, chevron, travelers and johnson & johnson and united technologies all closed at all-time highs. congratulationses if you own those stocks. >>> all right. our top story tonight how the government in cyprus is make b
CNBC
Mar 19, 2013 7:00pm EDT
company with extraordinarily small economy. the fact it would precipitate a run with the greek banks or italian banks and bring down the entire system in europe, fumbling along, kicking the can down the road is really pretty fried and we know from experience these events, whether in the balkins with the shooting of an arch duke or whether in cyprus with the shooting of a banking system can lead to fairly significant consequences for the entire european continent and us. >> so far, the worst-case scenario hasn't happened yet. so far. that's good. let me ask you, steve forbes. do you believe that the united states can make itself immune? are we strong enough economically, and financially, to withstand the kind of worst-case scenario that senator gregg discussed? >> the answer is no. we should have learned that from 2008 when these dominos start to topple. it hits everybody. and this is what is so inexplicable. why did the germans draw the line on this, for sheer domestic political reasons. they don't want to be bailing out russian oil gargs. they have an election this year. they have k
FOX Business
Mar 17, 2013 6:00pm EDT
trying to up to people who love tax revenue. you will get less tax revenue when the economy is smaller. this is something that the market understands. they want to see the economy grow. less in the future is better for the economy and markets. neil: that would mean no that if we are continuing on this trend, everything that the markets are celebrating right now, slobby sequestration, whenever you want to call it could be short-lived and there could be problems. what do you see happening? >> well, i think rand paul messages effective not only for the markets, but for the economy and the country at large because he is making a connection between economic liberty and prosperity. he understands that does look to the 20th-century. always the most prosperous countries are always the most free. and the message of essentially constitutionality, individual rights, that is tremendously bullish for the market. bullish for the economy. hitting the nail on the head. the fact that everything investors are seeing that we had a sequestered. this guy did not fall. there is still more work to be done in
CNBC
Mar 15, 2013 1:00pm EDT
in the economy. >> well, that is right. we are doing a lot of healing. housing market is finally showing signs of turning around. we have had increases in home prices nationwide, and home construction and home sales are up, and we show in the report that we have worked off a lot of the excess nationwide from the bubble years. the excess construction that took place. we are starting from the low base, but it look like housing will now be a tailwind instead of a headwind and we added 48,000 construction jobs last month which is a positive development going forward. >> i know that the president feels this way certainly that more work needs to the be done on jobs, but do you feel that the moves that have been made in job growth are significant enough to satisfy main street, because if you look at the latest abc news poll, it shows a disconnect once again between the p president's progress on the economy and the way that main street feels about his progress on the economy. >> well, the president certainly is not satisfied. you know, he came to office, and we were losing over 800,000 jobs a month. t
CNBC
Mar 19, 2013 3:00pm EDT
idea. i mean, if you look at cyprus' economy, there are two major factors to that economy. tourism and financial services. you could kill the financial services immediately right there. so it's two underpinnings. almost like when greece was doing smo of the same things. >> but you say it matters because it could spread elsewhere? >> just the thought that somebody thought this was a good idea is scary enough to me, i would think. but it's going to be one of those things. we'll have to watch and see how it folds out. but i've got a feeling it will have to turn itself around fairly quickly. >> michael, what do you think? have you changed any of your behavior in terms of allocating capital, as a result of what we've seen in the last 48 hours? >> no, not really, maria. i still think that cyprus is certainly something to watch. but i think it's just part of the negotiation process, exactly what's happening in greece. we have to watch and see if it accelerates and this idea sweeps around europe, but i doubt that's going to happen. i actually think that europe is starting to present some o
FOX Business
Mar 14, 2013 11:00pm EDT
to the economy. ne: a stimulus to the economy. he has always been that way. it pays to focus on what bill gates and doing now, he is on a spending mission, he leaves little doubt about what he thinks of repubcan mission and their drive to cool it on the spending without thinking about results, his biggest fear, congress cutting foreign aid. the man said that foreign raid does a lot of good for the planet. to gauge the more good than bad without a doubt, that is why the guy, he was in washington today pushing hard. urging freshmen lawmakers not to give up the fight or spending on those 2 need the help -- who need the help the most, tonight. decide whether a man can or should stop congress from closing some spending doors, perhaps of all of the interviews i've done with bill gates over the years from earliest days at microsoft or before he became the power house to keeping his juggernaut going once it was a power house to going full time in charity business, this day is for me the most meaningful and consequential, not because of anything i asked of mr. gates but the very words i heard, a clear m
FOX News
Mar 19, 2013 12:00pm PDT
is not buying it. and some economists are now saying that there's a shadow economy that could explain why the retail sales are rising despite static credit spending and paychecks. an explanation at last. at it all ahead unless breaking news changes everything. >>> from fox, at 3:00 in new york city, seven u.s. marines are dead and several others hurt after a training exercise in nevada. it happened at hawthorne army depot there last night. the military uses that base to store weapons and train troops. according to military sources, large mortar, like the one you see hour, somehow exploded. officials describe frantic scene. it was 45-minute chopper flight to the nearest trauma center in reno. today the white house says the president is watching the developments. >> the president's thoughts and prayers go to the families of those who were lost and those who are injured. we're obviously in the early stages of assessing the incident. it's a tragedy, clearly, and the president was briefed immediately on -- and made aware of it immediately and briefed on it, and we're monitoring the situation.
FOX Business
Mar 19, 2013 11:00am EDT
. connell: highest level close to five years. the economy may be improving. the problem for president obama is his approval rating is not. 47% of americans approving. doug shaw is here to answer that. a record-breaking run last week. you have home production neared the unemployment rate falling. >> first of all, we have dysfunction in washington. we do not have a budget deal. economic growth was tested in the fourth quarter. there is no sign that it is reviving. there really is no revival on main street. connell: is there something politically bad be done? is there something they are not doing right? shouldn't they be better able to take advantage of the perfect stock market and little bit better economic numbers? i think the president is trying to do that now, connell. reaching out to the public senators and paul ryan. we made a deal on the but with newt gingrich. the same thing needs to be done now. dagen: something really struck me. i do not mean to harp on it. the average american wakes up in the morning, you tell me how he feels or she feels that deficit with the daily impact. you kind
FOX Business
Mar 13, 2013 10:00pm EDT
economy of our church is another big step in the right direction. >> reporter: the president along with first lady said is one wishes to the new pope in a statement that reads in part by look forward to working with his holiness to advance peace, security, and dignity for our fellow human beings fifth regardless of faith. we have also learned that vice-president biden will trav to rome for the pope's installation. lou: thank you very much. fox news correspondent. turning back to washington. the president asked by an unnamed republican whether white smoke would be emanating from the capitol building after today's meeting with republicans . the president responding, i think that straining the analogy a lot of folks would agree with them. not a surprising sentiment considering the president gave a national interview before the meetg trying to downplay the possibility of striking any kind of bipartisan deal on budgets cut taxes, and deficit reduction. >> it may be that the differences are just too white if their position is we cannot do any revenue or we can only do revenue if we get m
CNBC
Mar 20, 2013 1:00pm EDT
a little bit. >> that's a good point. for a long time the bears have been insisting that the global economy is not as healthy as this teflon stock market in the united states would indicate, and now they've got some ammunition. two companies from fed ex and from caterpillar. now, caterpillar had dismal three-month sales numbers. really shocked a lot of people. fed ex, of course, had disappointing earnings situation, lower than expected international volume. now people are saying, see, we told you. here are who big companies who are saying it's not as big as everybody said. deere got a downgrade from wells fargo. i'll talk more about that in the 2:00. a little bit of good news on housing. keeps rolling along. lenore, 34% increase in building. >> we'll see you back in a few minutes. ty, we'll send it back up to you. >> thank you very much. bob just gave you a very clear shot at the market picture, so what's driving it? well, obviously three developing stories and we're going to cue you in on all of them right now. the fed, steve liesman is in washington. russia's financial overtures toward cy
MSNBC
Mar 18, 2013 3:00pm PDT
agenda. he got health care passed and fixed the economy. he has the economy on the right track. the gun issue was not a big deal with him in the beginning. gale marriage was not a big issue, but they have become centerpieces, that's the period he's in at this point. republicans are cooperating to the degree that they appeared to be disorganized enough that he appears to be right on track. >> you know, on that point, in terms of the economy, victoria, the president talking about the budget last week, he said something that the gop just jumped all over. the president said, and i'm quoting him, we don't have an immediate crisis in terms of debt, and the republicans and the right wing went bananas. but then mr. boehner and ryan, of course, agree with him. watch this. >> we do not have an immediate debt crisis, but we all know that we have one looming. >> we do not have a debt crisis right now, but we see it coming. we know it's irrefeetably happeningivities they say the president shouldn't have said it, now you have boehner and ryan saying it, about you if both say we don't have an immediat
FOX Business
Mar 19, 2013 3:00pm EDT
, ceo and president joins me from new york in a fox bids exclusive. you are bullish on the economy. i want to be there, and there's a mixed bag here, unemployment, 7% to 8% range, forecasted for the year. housing, a little bit of a concern here from economists that the housing market is ahead of itself, but, still, bullish on the u.s. economy, so explain that. >> yes, thanks, cheryl. we are bullish on the u.s. economy, housing continues to come back. you saw the numbers today, but, you know, it's still 15, 20, 25%, spending where you are, in the u.s. 30% where it was at its peak. you know, household formation in the last few years has been delayed because of americans deciding to live with their parents, essentially, but population growth continues. bullish on the housing market driving quite of other consumer demand. cheryl: are you changing your asset allocation mix now? is that something you're in the midst of doing, especially on a day like today and yesterday when there seems to be a lot of money moving around, not a lot of new money, but money moving nonetheless. >> we're not ch
FOX Business
Mar 13, 2013 4:00pm EDT
-- pillars for any move higher and expansion in the economy domestically. housing, financials without a doubt. energy as the third. liz: okay. >> large cap technology for the dividend but those three i think you've got to have exposure sure to with dry powder right now. liz: let me tell the viewers. things working past five months, at least follow that trend for now, correct. >> yes. david: wow! that is amazing we could see doubling of money they made in housing an financials. george, we were talking a little bit about the consumer sector, retail sector specifically. you think it is good time to buy into mickey d's or mcdonald's now? or again, like we talked about apple, should we wait until it comes down? >> you want to buy mcdonald's. you want to buy coca-cola. you want to buy large cap blue chip names. right now mcdonald's is trading under $100 a share and coca-cola is trading at about 38. david: mcdonald's at 100, george, mcdonald's at 100. it seems a little pricey right now at 100. should i wait for it to come down into the 80s for example? >> you could. you could do the same strategy as
FOX Business
Mar 14, 2013 4:00pm EDT
, getting our aaa rating back, dollar policy. where our economy is going as we face tax increases. of course the sequester questions. peter will cover it all. you don't want to miss it. that is in about nine minutes from now right here. also driving money towards transportation. that's what legendary investor wilbur ross is doing. find out what he is buying and selling. wilbur ross doesn't like to give picks but he has a couple of them. also if he think this is rally has strong legs. with $5 billion under management he is someone you can not afford to miss. >>> before all that we're going to tell you what drove markets with today's data download. the dow is making history once again, posting its 8th straight record close. the longest streak of record closings since november of 1996. the s&p and nasdaq also ending in in the green with the s&p now less than three points away from its all-time high. >>> energy and technology were the best performing sectors. the number about americans filing for new jobless benefits fell for the third week in a row. initial claims unexpectedly dropped by 10,000
FOX Business
Mar 17, 2013 1:30am EDT
trillion necessary u.s. economy and fight global warming because it gets one degrees warmer in the next hundred yearings. the clock never stops moving and it is an immediate crisis and high suld be honest about that. >> dagen, he saying in and of itself, the balanced budget is not the goal. it is getting to that, but not at the expense of bla, blarks. >> and in saying that and spending not being a problem and hearing henry reid saying don't touch entitlementings and nancy pelo saying don't raise the retirement age and sh allings id we don't have a spending problem . i put it together. >> right. my fave rilt little, to the president was hundred billion in new infrastructure spending that is in the budget . they are freely raising new revenue through taxes in this budget. it is like one and half trillion dollars in tax revenue . that is on top. 600 billion in higher taxes this yearnd on top of the more than one trillion in obama care taxings. >> this is it a blueprint. >> it doesn't balance anything. >> it is a blueprint for what the president and democrats want higher taxs and more taxes
CNBC
Mar 19, 2013 9:00am EDT
of the economy that are not that strong and i don't know what the sequester will bring in the month of april. >> look, the data say things are better, and i think the fed will be under a lot of pressure because interest rates are headed higher. >> at some point the fed will have to acknowledge that -- and they have -- to your point, they changed the language a little bit. it's a moderate recovery and it's a strengthening recovery. words like that. >> right. >> at some point they're going to have to acknowledge what we all seem to know which is -- they're not great, but things are getting better. now will inflation pick up and that, of course, is the fed's number one mandate. will inflation pick up until we see jobs pick up because wage inflation comes with excess demand from workers. i don't know. that's the big trillion dollar question mark. >> commodity inflation whether it be corn or copper and the strong dollar will contain inflation that's going up a great deal. housing is stabilizing and not really in the numbers. i want to take issue with some of what you said. i think we all think th
FOX Business
Mar 14, 2013 1:00pm EDT
at this 14,500, in that range, the economy is in better shape arguably and back then. why can't we be happy about this? >> well, we should be. our report showed this. the levels we are looking at right now, economic indicators, valuations, monetary sentiment, etc., really the only thing that looks out of mind is how far the index it is from the 50 and 200 day moving averages. dennis: where, generally, speaking in stocks, would you put money now and is it basically a bet that we keep moving higher or a bat to protect yourself from moving lower? >> leaning towards we just celebrated our fourth birthday and five of the six bull markets since world war ii that did so went on to celebrate their fifth birthday. number four was on march 9, number five will be a year from now. it is the cyclical factors that tend to lead the way. dennis: that what all kind of messed together. thank you so much for being with us. sam stovall. >> my pleasure. melissa: just a month after carnival cruise ship was stranded at the. another one is stranded. carnivals dream was wrapping up its trip when the emergency diese
FOX Business
Mar 13, 2013 11:00am EDT
round of attacks on some big banks. on the economy, there is no bigger bowl man ryan westbury. those stories and much more, maybe even a new pope. dagen mcdowell joins me for market now. ♪ dagen: you are very low. go cardinal dolan. i am actually excited. smoke watch is 1150-215 eastern time. we will see. if there is no pope, it will probably be about 2:15 p.m. eastern time. cheryl: you know what, i can watch a smoke stack for a few hours. top of the hour, almost. stocks now and every 15 minutes. nicole petallides at the new york stock exchange. nicole: i enjoyed that analogy. they are both very entertaining. we are down, the dow is down about 14 points. six record closes for the dow jones industrial. a green arrow would mean a record close for the dow today. names like verizon, procter & gamble, alcoa are pressuring the dow. the s&p is going nowhere fast. boeing hit a new 52 week high. you have many retailers hitting new 52 week highs. we are seeing american spending on gasoline, auto sales, grocery stores. talk to you. dagen: where is the disposable income after that payroll tax
FOX Business
Mar 13, 2013 11:00pm EDT
as the economy recovers, slowly recovers, that's going to go up. don't forget natural gas. it's becoming a very r v real threat. >> i don't have a lot of time to make good op a bet, bt i'll win this bet. phil, what could get in the win of your predictions? >> well, basically, the vernment's getting involved in fracking and going away from it, but, you know, i don't think the governments can get away from this. we have seen this in history before, neil. we go from cycles. remember the first time we had peak oil, a few years ago, nning out of oil; right? we talked about whale oil. the market builds a better mouse trap, and right now, we are at the most significant juncture in u.s. energy. we're going to change the energy mix as we know it oing forward. how you thought about energy five years ago totally changed. neil: i don't kn. you have your own white puff of smoke you had today, i want to thank you, and speaking of the other big sry ofthe day, white smoke means, as you know by now, wehave a new pope, in fact, we have the first latin american pope putting a stamp on the notion that hispanics are
CNBC
Mar 13, 2013 3:00pm EDT
the economy is getting better, not great, but slightly better. housing will continue to improve. martin luther may or may not be unveiling a new line of papal colors. and go on streetsigns.com to see me race our producer on lawn tractors. he wins. he's got the weight advantage. >> thanks for watching "street signs" everybody. "closing bell" is next. >>> well, we'll see history made today, one way or the other, whether it's in rome or here in new york city. i'm bill griffeth. welcome to "closing bell." we're here at the new york stock exchange, where it looks like another photo finish if history is to be made in the stock market. we know history's about to be made there in vatican city. right now the dow's up 4.5 points. >> history being made on several fronts. i'm sue herrera. maria bartiromo will be right back tomorrow. and at any moment, we'll find who the new pope is. less than an hour ago, that white smoke billowed high above st. peter's square, signaling the cardinals had chosen the new pontiff. we'll keep these dramatic pictures for you throughout the hour, until we see the new pope, lea
FOX Business
Mar 18, 2013 11:00pm EDT
to do it this way, as for 2014, i thi it depends on the circumstances in the economy. if there is more obama fatigue. lou: can i say, watching the republican party with all prevail -- tre veil, i think that everyone better give up on idea of doing anything with the democrats and letting the economy doing the intellectual heavy lifting for the republican party, they better get ready to go. because, this is not going to be a default election, just as 2012 was. i have to -- i hate to do it, but we have to right there. anyway, thank yo thank you very, that is it for us, we hope you will be us tomorrow, congressman frank wolf of join us. on what is going on in the obama justice department, from new york. york. >> you know every liberal's dream that government seizing your money out right, there is nothing you can do about it. now no cyprus they could find out the hard way, this tiny island nation sent a tsunami shockwave to the rest of the world, keeping the banks closed until they find a more palatable way to. welcome i am neil cavuto, you got 10 grand in a bank account. how about waking
FOX Business
Mar 17, 2013 9:00am EDT
out of the u.s. economy. >> mike, for those who believe government is too big right now it this the best we can do, the ryan budget. in. >> no, dave. john is right we should be doing better. if we want to look at history to time when the country was its most prosperous it has always been when government spending relative to gdp was lower not larger. the last president to proside over a prolonged period of prosperity was bill clinton when got spending down to less than 19% of gdp. this budget doesn't come close to that. >> if you look at spending over the past five years 2009 the big increase because of the stimulus but then the big increase doesn't go anywhere. just stays. we have a permanent stimulus amount of spending. president obama increased the amount of spending by 20% of the government. is that not the enough for you? >> it is not enough. i think we need to be spending more are. >> wow! >> on the economy right now. >> how much more? 75% of the private sector or what? >> until the private sector starts coming back a starts adding and creating more jobs. >> so you
FOX Business
Mar 12, 2013 8:00pm EDT
, instead of the steak knife is tough for the economy, senator murray said this is a great plan for everyone as being pro-growth, i don't know what a trillion dollars in national tax rates is going for growth, i don't see it. neil: rick, you are tight with a lot of powerful democrats, i know what bothers them is he is taking on entitlements, he is not really he is taking them on. carney said yesterday, think of changing the ages, and you know and a nonstarter. so, if entitlements are off the table for a lot of democrats right now, we're going nowhere fast? >> you have to be a little bit careful. we know that murray's budget, opening shot from democrats ryan's budget opening shot from the republican, president somewhere in the middle, important to keep this in mind. i will tell you, i have to disagree when you say ryan budget does not take a cleave torent tight imminents -- clivecleaver to entitlements, 5n medicare and medicaid that is heavy, the thing that shocked me about his budget, i have to tell you, you know i'm not the biggest fan of representative ryan, but it at least it has been re
FOX Business
Mar 19, 2013 8:00pm EDT
underlying economy as long as we stay in the free market and let people go out earn money and change the world, we'll come out ahead, a third of the billionaires reside in u.s., there is a reason, we have that free market capitalism that animallistic spirit, that bridges our country ahead of the game not some government interference or program. neil: well, i hope you are right, monica, in the meantime the government is crowding out the capital, right? it is maybe we've gotten used to that. it is like beating your head against the wall, when you stop, you still have a gaping wound but you feel better. i'm wondering whether we have a false assurance here? >> i don't feel like i have any kind of assure answer from anyone, both of the budgets not only house democratic budget but republican budget are asking for very contentiousesques one wants to us get rid of obamacare, that was a big struggle and the other wants to us get rid of the sequester cuts, which we've been haranging about for weeks now. neil: that just wastes time, every time they do that and add to more spending, we keep talk
FOX Business
Mar 18, 2013 7:00pm EDT
.s. economy and u.s. institutions are the safest in the world and will be a beneficiary. lou: we watched eight straight records on the dow. 10 straight wins on the dow. but this has been an impressive performance. if it time to say we will see you in four or five points from here, i would look at prospect of a correction, what do you think? >> we have gone pretty far, pretty fast. in an interest rate environment. look at it from a relative basis, so that the equity market is pretty interesting place to be. we really haven't seen for a while. lou: we will get some indications on the housing market, we will look at building permits primarily, what are you expecting? >> still think the housing market is in pretty good shape, but if you look at the opportunity out there, seeing some places the housing market is doing pretty well, seeing a lot of the excess capacity in the marketplace, in a zero interest environment, a fair amount of the capacity, investment classes come in and actually bought up a fair amount of those equities. are we going back to the old days, absolutely not. lou: sean matthews,
FOX Business
Mar 15, 2013 4:00pm EDT
. find out how this publicly-traded company grows even in the face of a weak economy. david: let's look what drove the markets today with today's data download. stocks pulling back with all three major indices closing lower. the dow snapped its longest winning streak since 1996 falling in into the red after ten straight days of gains. dow, s&p, nasdaq all ending higher for the week. utilities and financials were the week's top performing sectors, while telecom, consumer staples lagged a bit. consumer prices rising at its fastest pace in nearly four years in february, jumping .7%. the jump was fueled by a 9% surge in gasoline prices. so it was limited primarily in that one area. a 5.4% climb in energy prices overall. >>> preliminary reading showed consumer sentiment tumbled in early march to the lowest level in a year as americans face uncertainty over federal spending cuts. the index dropped to 71.8 level this month, far below february's reading of 77.6. economists forecasts of 78, sandra. sandra: we've got mark sebastian in the pits of the cme group in chicago. our market panel. john b
FOX Business
Mar 18, 2013 3:00pm EDT
'll have a long-lasting impact on our economy. we've been dealing with a lousy europe for a long time. but you'll have this pullback at 5 percent which is about 1484 and 7% at 53, i might consider getting back in, but i'm not doing it until then. cheryl: looks like europe doesn't have a plan, obvious. let's go to the nymex, jeffrey grossman. jeff, let's talk about the oil contract. one of things we saw today again was the safety of the u.s. dollar. you had traders around the world jumping into the dollar. your take. >> today was really a dream come true in many respects. we walked in this morning, the dollar was very strong, took our market down right to the support level. 91.75 and spot crude was a major support level on the way down. the minute the dollar weakened, came off those highs a little bit, market rallied right pack to where the resistance levels are which is in the high 93.85 to $94 level. it's behaving like a normal market really with a little input that came in from the european information here, but the truth of the matter is this is a market that still, again, is a sal
MSNBC
Mar 14, 2013 2:00pm PDT
the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> well, here's a telling number about the state of our government right now. according to a new gallup poll, the number of americans who say they're dissatisfied with the government is the highest it's been since watergate. 20% of those polled, one in five say the satisfaction with the government is the country's biggest problem right now. that's up from 16% just last month. it's climbing and trails only the economy as the most frequently named problem in the poll. that 20%, by the way, as i said a minute ago, is highest since early june 1974. just months, actually months before richard nixon resigned. we'll be right back. >>> welcome back to "hardball." the conservatives have come to town to washington. the annual cpac conference is under way just outside washington. it's making news
MSNBC
Mar 14, 2013 4:00pm PDT
the economy as the most frequently named problem in the poll. that 20%, by the way, as i said a minute ago, is highest since early june 1974. just months, actually months before richard nixon resigned. we'll be right back. no. oh dad, you remember my friend alex? yeah. the one that had the work done... good to see you. where do we go when we die? the ground. who's your girlfriend? his name is chad. and that's where babies come from. [ male announcer ] sometimes being too transparent can be a bad thing. this looks good! [ male announcer ] but not with the oscar mayer deli fresh clear pack. it's what you see is what you get food. it's oscar mayer. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before i
FOX Business
Mar 14, 2013 9:20am EDT
since 1996 and big banks are upping outlook on the economy and we're going to bring you the real headline after the break. the opening bell is next. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> all right. so we're a little less than 50 seconds away from the opening bell. nine straight days of rallies and i've got to tell you, e-mac, the most hated, most stealthy rally in the history of the stock mar
FOX Business
Mar 16, 2013 5:00am EDT
in more than 212 million just in february alone. the entire economy of this city is based in gaming, 33,000 people work in the industry. here at the golden nugget atlantic city casino, they have a golden nugget. look at that. they have a hoel, cay casino, ad marina in the heart of new jersey. he from the general manager at the bottom of the hour, and i sit down with a blackjack dealer and learn for the first time how to play blackjack. i never played it in the casino before, and you'll never guess how i did. it'sot just gambling, but the biggest trends in alcohol these days, bourbon, plus, tobacco, porn, reality tv, and how your smart phone is a vice. we have a sinful hour ahea capping it off with how you at home as an investor can make money on it all. first tonight, our top story. obamacare's latest surprise is a new fee to hit employers. douglas holtz-eakin, president of the and former cbo director. great to talk to you. i was shocked to hear about the fee, $63, noody knew it was coming, $63 per employee, so for a company like boeing, that's $10 million just for the fee alone. what i
CNBC
Mar 15, 2013 12:00pm EDT
the important point here is the macro economy is not the stock market. some perform much better in the last three years than the general economy has done. i think part of the problem or potential problem going forward will be earnings. the end of 2011 to 2013 we haven't seen much s&p growth. i think the next earning cycle will be crucial for visibility over the next six months. >> our next guest is looking for stocks that could lead the next leg of the rally. mike, welcome. good to you have back on a friday. let's answer the question first. greenspan says stocks are cheap. do you agree? if so, what do you do? >> i don't agree outright cheap. if i were fed chairman in the late 90s, i might have a different threshold for what i consider cheap. stocks are cheap relative to a lot of other stuff that everyone thinks is very expensive. does that mean they're cheap? i'm not sure. when i see yields below 6%, that's expensive. i do not think valuation is the thing that would stop the rally. i don't think it's the reason to buy in. it's in that zone where the market can do what it's going to do becau
MSNBC
Mar 13, 2013 3:00am PDT
like now vicious cuts were going to destroy america's economy and all of the things they are predicting now they predicted back in 1995. they were wrong then and they are wrong now. >> as kelly just mentioned senate democrats unveiled their plan for the budget. patty murray greeted the president over lunch on tuesday. it calls for raising tax revenue by 1 trillion and slashing spending by 175 million. >> harold is smiling. >> stop shaking your head. what is up? how would you like to be a democrat going back to the people of tennessee i raised your taxes a trillion dollars? >> how are they doing it? >> i shake my head. if you're a pedestrian and watching this, this is willie's question. this is where we were six months ago, three months ago. i have great respect for senator murray and i believe she believes in their budget but they have to come together because i'm not sure shs any different. paul ryan's too. how do you examine to abolish after you had an election? >> these are political documents. paul ryan's document is a political document more than an economic document, telling ameri
MSNBC
Mar 18, 2013 6:00am PDT
to shoot straight and say, it's not as if our government's going to collapse tomorrow or the economy is going to collapse tomorrow if we do nothing. but it's time to quit kicking the can down the road. you know, the folks on the other side of the aisle have talked about a balanced approach. but there's nothing balanced about a budget that doesn't balance. frankly the republican proposal is a relatively modest one. we grow government by 3.5% a year over the next ten years and balance the budget to, you know, put our kids and grand kids in a better position. >> obviously a big issue is going to be medicare. congressman cartwright, i want to get you to respond to something that senator corker says he wants president obama to do. here's what he said over the weekend. >> when the president uses his bully pulpit to explain to the american people that families are only paying one-third of the cost of medicare, we will know that we've begun the process of trying to solve this problem. i hope that happens as soon as he gets back from israel. >> congressman cartwright, i know there's a lot of
MSNBC
Mar 19, 2013 9:00am PDT
the sequester for the moment maybe don't do anything. the economy looks like it's picking up a little steam. and that might be just what we need. you know, in terms of the ryan budget, it took a public drubbing in the election. we, we already forgotten about november? when the republicans ran on the ryan budget. if they want to keep revisiting that, that's their choice. but why are we talking about this? we just find out that medicaid and medicare deliver health care cheaper than anything else? and they want to eviscerate that? it makes utterly no sense at all to me, anyway. >> howard, these seem to be sort of political manifestos, more than fiscal proposals. especially the ryan budget, over 40% of its savings are based on a repeal of obama care. which ain't going to happen any time soon. >> i agree, they are political. they aren't even opening negotiating positions, sometimes people set out markers that are designed to begin negotiations. these are political documents and they're speaking to their own parties. and the democrats have already said, look, you want to run on the ryan budget ag
MSNBC
Mar 17, 2013 7:00am PDT
the scientists and many other things. sanctions are hammering the iranian economy. to focus on iran, for benjamin netanyahu, he is waving the threat to the audience. he is using one of his guys as the minister of the housing and infrastructure. the man that tells you from day one, i will build in the areas. the area that connects western bank with jerusalem. breaking the last hope for a two-state solution. >> is iran a genuine threat or distraction from the point of the peace process? >> it is a genuine threat to israel. no doubt from the ayotallah down. a direct war of words in support of terrorism against israel. israelis feel that. part of the purpose of the trip for the president is not merely to say we care about the iran nuclear program. it is to convince israelis that they can take the steps necessary for peace knowing the united states is behind their support. the fact we will not move on the palestinian question unless the israelis feel they have the security of the united states completely to take those risks for peace. i have known that ever since camp david one. this is why this is so
FOX Business
Mar 16, 2013 10:00am EDT
the porn industry. it's worth about a bilon dollars overall to the economy, just in southern california. well we are on the subject of sex in addition to the so-called vice taxes, some states are actually putting -- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly $150 million for the state in nevada. regardless of whether not you think the taxes are good or bad public policy, there is no denying that device is generating an enormous amount of what government seems to like most, revenue. the nra proposal to keep our kids safe in school is still the best solution. the "a-team" on where are the other leaders. the billionaire mayor wants to ban g
FOX Business
Mar 18, 2013 5:00pm EDT
and other nations, think it is too soon to suggest that. it is the banking system the size of this economy, you talk about the fact that large percentage of the deposit are outside attempting to trick the nation and the bank in the unique way. i sure hope they backpedal on insurance deposits, that would provide a little bit of stability and i hope they suggest this is not something we're looking to do broadly across the euro zone nations. melissa: do you think they will do that, or do you think the opposite, that other people follow suit? this is really unprecedented. they're basically skimming people's bank accounts. >> i agree with both of you, which is always a good thing to do. the fact is they will try to reassure people this is a one off thing. they have rung the spell. now people know especially larger depositors know if they're in italy or spain they could be hit by this. the one thing we have not mentioned is russia. love those large deposits are from russians. including those who had taken the money. the fact they're taking a haircut is not anything people want to cry tears over,
CNBC
Mar 15, 2013 9:00am EDT
for off thor arity and a year later they're back and they're in the bond market and the economy seems to be turning around and it is the great lesson of being able to deal with tremendous adversity. irish people are much tougher than people realize all of the way back from 1847 when the british cut them off. >> take a look at colgate palmolive. you had mentioned the downgrade on valuation concerns and the stock is down 1%, but this tells an interesting tale of the markets as well where people are looking at best buy and bank of america for performance. they continue to pile into some of these stocks. >> take a look at the former cio of j.p. morgan making her way through the halls getting set to testify about the london rail losses. >> 50 interviews and 90,000 documents and essentially alleging today that the bank hid losses as far back as january 2012, and ignored multiple warnings and ignored metrics and that even jamie dimon withheld information temporarily regarding the whale loss. >> the conclusions of the committee do not read well. another reminder certainly, when you revisit th
MSNBC
Mar 16, 2013 9:00am PDT
and the economy and limiting the size of government and being fiscally responsible. that's what we're hearing folks talk about here and across the country. >> morris, senator portman's announcement comes on the heels of over 100 prominent republicans signing their name on a brief urging the supreme court to allow gay marriage. we have president obama announcing his support. are we at a watershed moment? >> i think so. i think as you look at the next anyration, the folks under 40, this is nothing that they really -- they don't really understand why the older generation doesn't get their arms around this. you know, as people personalize it, when you have a member of your family that perhaps is gay or lesbian, it's easier for you to come out as a republican, but they really are going to have to do a better job of pushing along the party. it's not as big a deal for younger americans. just as race for the other generation became less of a big deal. this will become less of a big deal for a sexual preference. >> alice, your former candidate rick santorum, he's staunchly against gay marriage. listen
FOX Business
Mar 15, 2013 1:00pm EDT
economy? >> it is critical of supplying 34,000 jobs. 27% maybe they will get on the table behind me there spending money and in atlantic city has a hard time but others are doing pretty well. what fuels the sales higher? $2 billion property, reorganization, the so the smallest amount of money ever changed hands so they are under pressure. they're doing everything they can to pump out the numbers. ashley: what is coming up tonight? >> we will talk to the general manager of this property he also works in las vegas so to make comparisons. we're looking at the dynamics and the government loves have the tax revenue. the best for last. guess what happened when we played blackjack? i $11,000 but i never played before i sat down to take a rest they helped me to learn and every hand i played i want. played six in a row and won every time. ashley: the drinks are on you know, how. [laughter] >> i did not really put any money down. tracy: you were making me nervous. [laughter] the irs is on the way may be another career. ashley: and though "willis report" tonight live from atlantic city. by 6:
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